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Dropbox (NASDAQ:DBX), the cloud storage company with impressive 81% gross profit margins and a market capitalization of $7.9 billion, reported that Chief Accounting Officer Sarah Elizabeth Schubach sold 1,066 shares of Class A Common Stock on October 15, 2025, at a price of $28.62, for a total transaction value of $30,508.
Following the transaction, Schubach directly owns 104,657 shares of Dropbox.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 16, 2025.
In other recent news, Dropbox reported its second-quarter earnings for 2025, surpassing analyst expectations with an earnings per share of $0.71, compared to the forecasted $0.62. Revenue also exceeded projections, reaching $626 million against an expected $617.83 million. Additionally, Dropbox has secured up to $700 million in additional credit through an amended Credit and Guaranty Agreement, led by Blackstone Credit & Insurance, to repay its convertible senior notes due in 2026. The company also announced a $1.5 billion buyback plan.
Meanwhile, Jefferies raised its price target on Dropbox to $30.00 from $28.00, maintaining a Hold rating due to the company’s strong operating margins. Dropbox achieved an operating margin of 41.5%, significantly exceeding its guidance of 37.5%, primarily driven by headcount reductions and lower marketing expenses. On the other hand, UBS downgraded Dropbox from Neutral to Sell, lowering its price target to $27.00. The downgrade reflects concerns over demand for Dropbox Dash, the company’s new AI product, and ongoing pressure on its core File Sync and Share business. These developments highlight recent shifts in Dropbox’s financial and strategic landscape.
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